Global Hemp Group, Inc. Looking Forward to 2018 Senate Bill Addressing Regulation of Hemp | CashCropToday
0 Shares 64 Views

Global Hemp Group, Inc. Looking Forward to 2018 Senate Bill Addressing Regulation of Hemp

April 30, 2018
64 Views
  • Sen. Mitch McConnell (R-KY) is a lead sponsor of ‘The Hemp Farming Act of 2018’, which would remove hemp from scheduled list of controlled substances, making it a legal crop

Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) is joining other leaders in the hemp industry through its anticipation of the impending Senate bill, sponsored by Majority Leader Mitch McConnell, that would remove hemp from the scheduled list of controlled substances in the U.S. and, instead, make it an agricultural commodity. “It’s now time to take the final step and make this a legal crop,” Sen. McConnell said during a press conference.

The Hemp Farming Act of 2018, if passed, would bring hemp farming into the mainstream. Time quoted Eric Steenstra, president of advocacy group Vote Hemp, as saying, “This is a huge development for the hemp industry. Sen. McConnell’s support is critical to helping us move hemp from research and pilot programs to full commercial production.”

Global Hemp Group is a Vancouver, British Columbia-based company with operations in Los Angeles and Montreal. It maintains a dual-phase growth strategy that requires acquisition and development in order to build a synergistic portfolio of companies within the hemp industry. To develop its business model, the company is pursuing joint ventures in the hemp industry, such as its ventures with Marijuana Company of America (OTC: MCOA) related to commercial hemp production on the Acadian Peninsula of New Brunswick, Canada.

In the future, Global Hemp Group intends to establish Hemp Agro-Industrial Zones (HAIZ) where it can develop industrial hemp cultivation as well as operate a variety of processing facilities that transform the hemp plant into sustainable materials that go into a myriad of finished products.

Brian Furnish, president of U.S. Hemp Roundtable, was cited by Time as saying, “The hemp industry is very grateful to Leader McConnell for his strong leadership over the years on behalf of providing Kentucky farmers — and the whole U.S. agricultural community — this exciting new economic opportunity.”

For more information, visit the company’s website at www.GlobalHempGroup.com

You may be interested

Liberty Health Sciences to Bring Mary’s Medicinals Cannabis Products to Massachusetts
Manufacturing
9 views
Manufacturing
9 views

Liberty Health Sciences to Bring Mary’s Medicinals Cannabis Products to Massachusetts

Sam Rosenberg - May 26, 2018

Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) announced this week that the company will expand the Company’s partnership with MM Technology Holdings, LLC to become the…

Top 5 Public Companies that Sells Cannabis and Industrial Hemp Agtech
Cash Crop 150
43 views
Cash Crop 150
43 views

Top 5 Public Companies that Sells Cannabis and Industrial Hemp Agtech

Sam Rosenberg - May 25, 2018

Not every public company in the sector are involved in the cultivation and distribution of cannabinoid based products. There are a number of different companies involved in…

Thomas Jefferson University to Create Database to Track Medical Cannabis Patients’ Health Outcomes
Tech
61 views
Tech
61 views

Thomas Jefferson University to Create Database to Track Medical Cannabis Patients’ Health Outcomes

Sam Rosenberg - May 25, 2018

Thomas Jefferson University in Philadelphia is in the process of developing a data base to register medical cannabis patients to study the positive or negative health benefits…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: